US Justice Department investigates Visa over debit card practices
Visa is in legal hot water as it faces a regulatory investigation by the US Department of Justice (DOJ) over concerns of whether it is using anticompetitive practices in the debit card market.
ESMA issues statement to clarify approach to position limits for commodity derivatives
The European Securities and Markets Authority (ESMA) has issued a statement to clarify its supervisory approach to position limits for commodity derivatives.
The European Supervisory Authorities release joint Q&A for EMIR
The European Supervisory Authorities published three joint questions and answers on bilateral margin requirements under the European Markets Infrastructure Regulation (EMIR).
Encompass Corporation receives funding from private equity firm Beacon
KYC automation Encompass Corporation has received an investment from Boston-based private equity firm Beacon Equity Partners.
FiVerity bags $2m to help it bolster its synthetic identity fraud detection capabilities
FiVerity, which offers cyber fraud detection and threat intelligence services, has closed a $2m funding round to help it expand its platform.
ID verification firm Socure enters unicorn club after $100m fundraise
Socure, the startup that helps companies verify users’ identities, is valued at $1.3bn after a massive $100m funding round.
The Series D round was led by...
RBI slaps a $275,600 fine on SBI for deficiencies in regulatory compliance
The Reserve Bank of India (RBI) imposed a penalty of Rs 2 crore ($275,651) on State Bank of India (SBI) for violation of certain norms on remuneration to its employees in the form of commission after finding the lapses while doing statutory audits.
The European Banking Authority changes Basel III monitoring to be mandatory
The European Banking Authority (EBA) is changing the Basel III monitoring exercise from being voluntary to a mandatory exercise.
Natwest faces money laundering charges by FCA over cash deposits
The Financial Conduct Authority (FCA) has begun criminal proceedings against banking giant NatWest Group PLC alleging that the company failed to follow anti-money-laundering regulations.
CSS discuss CCO liability in its latest Coffee & Regs podcast
CCO liability is still a big concern for chief compliance officers, but the recent speech from SEC commissioner Hester Pierce is helping to bring more clarity to the issues.
